Current:Home > reviewsWhen mortgage rates are too low to give up -ChinaTrade
When mortgage rates are too low to give up
View
Date:2025-04-17 07:46:38
The average mortgage rate in the U.S. just hit 7.09%—its highest level in more than two decades. And that's having ripple effects in the wider economy. Some homeowners feel locked in, tethered to their super low interest rates and unable to find something better. Today on the show, what happens when homeowners are locked in by low rates?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (7)
Related
- Intellectuals vs. The Internet
- See pictures and videos of the Canadian wildfires and their impact across the planet
- Travis Scott not criminally liable for Astroworld Festival deaths, grand jury finds
- Alan Arkin, Oscar-winning actor and Little Miss Sunshine star, dies at 89
- Former Danish minister for Greenland discusses Trump's push to acquire island
- With Only a Week Left in Trump’s Presidency, a Last-Ditch Effort to Block Climate Action and Deny the Science
- Does aspartame have health risks? Here's what studies have found about the sweetener as WHO raises safety questions.
- Taylor Swift Totally Swallowed a Bug During Her Eras Tour Stop in Chicago
- Intel's stock did something it hasn't done since 2022
- Biden says Supreme Court's affirmative action decision can't be the last word
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Texas Judge Gives No Restitution to Citgo’s Victims in Pollution Case With Wide Implications
- Supreme Court sides with Christian postal worker who declined to work on Sundays
- Dylan Mulvaney addresses backlash from Bud Light partnership in new video
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Jessie J Pays Tribute to Her Boyfriend After Welcoming Baby Boy
- The Idol Makeup Artist Kirsten Coleman Reveals Euphoria Easter Eggs in the New Series
- Man with weapons and Jan. 6 warrant arrested after running toward Obamas' D.C. home
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Princess Eugenie Gives Birth, Welcomes Baby No. 2 With Husband Jack Brooksbank
Geothermal: Tax Breaks and the Google Startup Bringing Earth’s Heat into Homes
Exxon Accused of Pressuring Witnesses in Climate Fraud Case
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
WHO questions safety of aspartame. Here's a list of popular foods, beverages with the sweetener.
Q&A: One Baptist Minister’s Long, Careful Road to Climate Activism
Melissa Gorga Reveals Bombshell RHONJ Reunion Receipt in Attack on A--hole Teresa Giudice